United Technologies Corp., the maker of Otis Elevators and Carrier air conditioners, has submitted an offer to acquire aircraft component manufacturer Rockwell Collins Inc., Reuters reported, citing an unnamed source familiar with the matter.

Boeing Co. said it has set up an avionics group to make aircraft controls and electronics that compete with its own suppliers such as Cedar Rapids-based Rockwell Collins Inc., whose shares fell 6.3 percent Monday.

The Corridor Business Journal reports that with a big boost in revenue from newly acquired B/E Aerospace, Rockwell Collins released third-quarter results today that beat Wall Street estimates and raised its full-year earnings outlook.

Iowa's manufacturing and logistics climate has improved in several measures in the past year, but got a failing grade for its tax structure, according to a new Manufacturing and Logistics Report Card released by Ball State University.

Citing growth in its line of towable models, Winnebago Industries Inc. reported that its third-quarter net profit rose to $19.4 million, or 61 cents a share, from $14.4 million, or 53 cents a share, a year ago, Marketwatch reported.

Serial entrepreneur Gabe Glynn’s fascination with high-tech factories sparked an idea for a new wearable safety device that could revolutionize the way manufacturers approach safety monitoring and reporting.